Issuance of Ordinary Shares

RNS Number : 9695Q

boohoo group plc

24 February 2023

 

For Immediate Release	24 February 2023

boohoo group plc

("boohoo" or the "Company")

Issuance of Ordinary Shares to all Non‐Executive Directors and Total Voting Rights

boohoo group plc (AIM: BOO), a leading online fashion group, announces that it has issued new ordinary shares of 1 pence each ("New Ordinary Shares") to its Non‐Executive Directors as part of their compensation package.

A total of 99,824 New Ordinary Shares were issued at an effective price of 50.09 pence under the terms of their letter of appointment which require compensation to be made partly in cash and partly in Ordinary Shares. The New Ordinary Shares represent the share compensation due for the financial year ending 28 February 2023 and are subject to lock in provisions for as long as the recipient remains a director of boohoo.

The details of the issuance are set out below:

Director	Value of the share issuance	Number of New Ordinary Shares Issued	Number of Ordinary Shares held following the issuance	Percentage of the enlarged Ordinary Share Capital (%)
Brian Small	£20,000	39,929	138,663	0.010
Iain McDonald	£10,000	19,965	751,928	0.059
Tim Morris	£10,000	19,965	46,262	0.003
Kirsty Britz	£10,000	19,965	30,592	0.002

Trading in the New Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, is expected to commence on or around 1 March 2023.

Total Voting Rights

Following admission of the New Ordinary Shares, the total number of ordinary shares and voting rights in the Company will be 1,268,433,263. The Company does not hold any shares in treasury.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries
boohoo group plc
Shaun McCabe, Chief Financial Officer	Tel: [phone]
Alistair Davies, Investor Relations	Tel: [phone]
Clara Melia, Investor Relations	Tel: [phone]
Mark Mochalski, Investor Relations	Tel: [phone]
Zeus Capital - Nominated adviser and joint broker
Andrew Jones / James Edis / Dan Bate	Tel: [phone]
Benjamin Robertson	Tel: [phone]
Jefferies - Joint broker
Ed Matthews	Tel: [phone]
H arry Le May	Tel: [phone]
Buchanan - Financial PR adviser	[e-mail]
Richard Oldworth / Toto Berger / Verity Parker	Tel: [phone]

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2022, the boohoo group had 19 million active customers across all its brands around the world.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	i.  B rian Small ii.  I ain McDonald iii.  Tim Morris iv.  Kirsty Britz
2	Reason for the notification
a)	Position/status	i.  Deputy Chairman and Senior Independent Director ii.  Non-Executive Director iii.  Non-Executive Director iv.  Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	boohoo group plc
b)	LEI	213800SZF3KFCECWY243
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	i.  Ordinary shares of 1p each ii.  Ordinary shares of 1p each iii.  Ordinary shares of 1p each iv.  Ordinary shares of 1p each ISIN: JE00BG6L7297
b)	Nature of the transaction	i.  Issue of shares as part of compensation package ii.  Issue of shares as part of compensation package iii.  Issue of shares as part of compensation package iv.  Issue of shares as part of compensation package
c)	Price(s) and volume(s)	Price No. of shares i 50.09p 39,929 ii 50.09p 19,965 iii 50.09p 19,965 iv 50.09p 19,965
d)	Aggregated information - Aggregated volume - Price	Price No. of shares i £20,000 39,929 ii £10,000 19,965 iii £10,000 19,965 iv £10,000 19,965
e)	Date of the transaction	i.  22 February 2023 ii.  22 February 2023 iii.  22 February 2023 iv.  22 February 2023
f)	Place of the transaction	i.  Outside of a trading venue ii.  Outside of a trading venue iii.  Outside of a trading venue iv.  Outside of a trading venue

 

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